DFW ARCHIVED July 2016 | Page 27

Tarrant Community Information | School District

Tarrant Community Information | School District

Market Time
200
The average Days On Market ( DOM ) shows how many days the average Property is on the market before it sells . An upward
180
trend in DOM tends to indicate a move towards more of a
160
Buyer ' s market , a downward trend a move towards more of a
140
Seller ' s market . The DOM for July was 90 , down 25.0 % from
120 days last month and up 3.4 % from 87 days in July of last year . The July 2016 DOM was at a mid level compared with July
120
100
of 2015 and 2014 .
80
Selling Price per Square Foot The Selling Price per Square Foot is a great indicator for the direction of Property values . Since Median Sales Price and Average Sales price can be impacted by the ' mix ' of high or low end Properties in the market , the selling price per square foot is a more normalized indicator on the direction of Property values . The July 2016 Selling Price per Square Foot of $ 284 was up 14.3 % from $ 249 last month and up 19.0 % from 239 in July of last year .
Selling Price vs Original Listings Price The Selling Price vs Original Listing Price reveals the average amount that Sellers are agreeing to come down from their original list price . The lower the ratio is below 100 % the more of a Buyer ' s market exists , a ratio at or above 100 % indicates more of a Seller ' s market . The July 2016 Selling Price vs Original List Price of 92.2 % was down from 95.3 % last month and up from 91.5 % in July of last year .
Inventory / New Listings / Sales This last view of the market combines monthly inventory of Properties for sale along with New Listings and Sales . The graph shows the basic annual seasonality of the market as well as the relationship between these items . The number of New Listings in July 2016 was 57 , down 10.9 % from 64 last month and up 42.5 % from 40 in July of last year .
60 40 20 0
350 330 310 290 270 250 230 210 190 170 150
98 % 96 % 94 % 92 % 90 % 88 % 86 % 84 % 82 % 80 %
350 300 250 200 150 100 50 0
Days On Market for Sold Properties
78
Selling Price per Square Foot
Selling Price versus Listing Price Ratio
Inventory / New Listings / Sales
87 90
A
S
O N D
J
F M A M
J
J
A
S
O N D
J
F M A M
J
J
A
S
O N D
J
F M A M
J
J
13
14
15
16
215
A
S
O N D
J
F M A M
J
J
A
S
O N D
J
F M A M
J
J
A
S
O N D
J
F M A M
J
J
13
14
15
16
94.1 %
A
S
O N D
J
F M A M
J
J
A
S
O N D
J
F M A M
J
J
A
S
O N D
J
F M A M
J
J
13
14
15
16
187 177 171 172
143 157 159
Avg Selling Price divided by Avg Listing Price for sold properties during the month
169 175 177 173 170 157 150 158
141
118 139 138
156 175 172 159
239
91.5 %
165 173 178 178 168 144 148
173 206
220
3 Mo Avg
3 Mo Avg
3 Mo Avg
A
S
O N D
J
F M A M
J
J
A
S
O N D
J
F M A M
J
J
A
S
O N D
J
F M A M
J
J
13
14
15
16
238
259
284
92.2 %
286 c o l d w e l l b a n k e r h o m e s . c o m | 27